Credit Agricole SA (ACA FP) dropped 2.1 percent to 9.88
euros, a fourth consecutive loss. France’s third-largest bank by
market value plans to book a fourth-quarter writedown of about
1.25 billion euros ($1.6 billion) on its stake in Italy’s Intesa
Sanpaolo SpA and end its representation on the lender’s
supervisory board.

Hermes International SCA (RMS FP) ended a two-day gain,
falling 1.8 percent to 154.50 euros. Hermes’s family
shareholders will not bid to delist the luxury-goods company, Il
Sole 24 Ore reported, citing an interview with Guillaume de
Seynes, a descendant of the company’s founder Thierry Hermes.

The listing of Hermes was aimed at providing family
shareholders with liquid shares and not to get funding they
didn’t need, de Seynes told the newspaper. A delisting would be
tempting although expensive, he said.

Ingenico SA (ING FP) sank 5.6 percent to 26.05 euros, the
biggest loss since May last year. The world’s largest maker of
card payment terminals said that a bidder for the company has
not been in a position to submit a binding offer that is
acceptable to its board.

Rhodia SA (RHA FP) surged 7.2 percent to 24.39 euros, the
highest since January 2008. The specialty chemical company is
confident it will be able to defend its profit margins in 2011
as raw-material prices, while at a high level, remain stable,
Investir reported from an interview with Chief Executive Officer
Jean-Pierre Clamadieu.

Morgan Stanley upgraded the stock to “overweight” from
“equal weight.”